“Time has passed to have regulatory frameworks that are as much as possible harmonized around the world.” crypto cryptocurrency bitcoin $BTC
The International Monetary Fund says a lot more work needs to be done on crypto regulation. “We’ve certainly seen an increase in the use of cryptocurrencies before this war, and we’ve seen it happen more in emerging markets than in others,” said the deputy managing director of the IMF.The top two leaders at the International Monetary Fund discussed crypto regulation on the Foreign Policy Live podcast, published last week.
Time has passed to have regulatory frameworks that are as much as possible harmonized around the world. As for stablecoins that are “backed by assets,” the IMF chief said, “if they’re properly regulated, they can play a very positive role.” Gopinath added: “I think parts of the world where there’s less financial inclusion, where people have less access to more regular forms of credit, cryptocurrency and other related forms of digital currencies can start playing a very important role.”
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